Economy

Instagram News & Updates: Social Media App to Expand Advertising Options for Businesses

More options will be given to advertisers with new buttons being added on Instagram, encouraging users to shop and install adds.

California State Senate Passes Bill to Raise Minimum Wage, Tie It to Inflation

California lawmakers took another step towards raising the state's minimum wage on Monday when the Senate approved a proposal to increase the hourly rate to $11 in 2016 and $13 in 2017.

Venezuela, Russia Agree on $14 Billion Oil Deal

On Wednesday Venezuelan President Nicolas Maduro announced that he had reached an agreement with Russia's top oil producer Rosneft in which $14 billion would be invested in Venezuela's oil and gas production.

Facebook Supporting GIFs Now, Key Twitter Exec Leaves for Google, and Snapchat Gets Even More Funding

This week in social media, Facebook finally decided to support animated GIFs, Twitter lost a high-level executive, and Snapchat raised even more money.

Immigrant Entrepreneurs, Especially Latinos, Are Fueling the US Startup Economy

A new study published late last week shows that immigrants are driving the startup economy in the U.S. -- along with showing a boom in immigrant Latino entrepreneurs starting new businesses.

Tap That App: Meerkat vs. Periscope Review - It Helps When a Live Streaming App Has Access to Live Streams

In the great Twitter live-streaming video war of 2015, it's likely only one app will be known through the ages as the victor. So which will it be: Meerkat -- the one that started it all -- or Twitter-backed Periscope? After a hands-on test of both, the answer quickly became apparent.

Google I/O 2015: Everything You Need to Know

As it does every year, Google's keynote kicking off the Google I/O developer conference included a laundry list of updates on projects we knew the company was working at, along with lots of announcements and previews of new products and features Google is just beginning to launch. Here's a rundown of everything you need to know from Google's Avengers-length keynote.

TuYo, a New Internet Subscription Service by Latinos, for Millennial Latinos, to Launch in July

It's still the early days of over the top television (OTT or Internet TV), which means the field is still wide open for innovation and less-established players can make a splash. One of those new players is TuYo, billed as the first Internet TV service for Latino millennials, built and owned by Latinos, which is set to launch in the coming weeks.

McDonald's to Toast Buns Longer, Make Beef Juicier

McDonald's plans to toast its hamburger buns longer and sear and grill its beef in a way that makes patties juicier in an effort to win back customers.

Venezuelan Currency: Bolívar Continues Precipitous Decline

With a nearly 30 percent decline in its black-market value against the dollar, the Venezuelan currency continued to drop at a stunning rate in May, a development likely to put further pressure on the South American nation's fragile economy.

Charter Communications Proposes to Purchase Time Warner Cable in $55 Billion Deal

U.S. cable operator Charter Communications announced on Tuesday that it has struck a $55.3 billion deal to buy Time Warner Cable .

Record-Setting $500M Home in Bel Air to Rise in 2017?

A $500 million Bel-Air home shall be completed in 20 months, which the developer hopes to set a record as the most expensive house ever sold.

Venezuela's Currency Takes a Plunge

Venezuelans have been in a rush to unload their depreciating currency, and this has in turn led to a devastating drop in its value, leading the the troubled country closer to an outbreak of hyperinflation.

Facebook's Caller ID, Snapchat's Journalistic Ambitions and Twitter's New Critic

This week in social media, Facebook officially announced a caller ID feature for the Messenger app. Meanwhile, one of Twitter's earliest billionaire supporters began criticizing the company, Snapchat invested in a shopping app while preparing for the 2016 election season, and Pinterest unveiled its first "Cinematic pins" -- essentially Gif-like promoted pins that animate as users scroll down.

Amazon Prime vs. Wal-Mart: Retail Giant to Take on Virtual Giant in New Service Offering

Wal-Mart is expected to go head-to-head with Amazon in the online shopping membership spectrum. In what has been a smash hit service for Amazon, their Amazon Prime membership online (which now costs $99 a year) allows customers to make purchases and get free two-day shipping.

TPP Trade Deal: Senate Approves President Obama' Trade Negotiating Bill 'Fast Track'

President Barack Obama has moved one stepped closer to the passage of the Trans-Pacific Partnership (TPP), a massive trade deal currently being negotiated between the U.S. and 11 Latin American and Asian countries.

Sling TV Channels and Apps Update: ESPN Deportes Joins 'Deportes Extra' As DISH Launches Sling TV on Android TV (Nexus Player)

DISH Network's Sling TV continues to improve its path blazing Internet TV subscription service, and continues to go after cord-cutting or "cord-never" Latino audiences, with two big additions this week: a new app for Android TV (i.e., the Google Nexus Player), and the addition of ESPN Deportes to its add-on pack for Spanish-speaking live sports nuts.

Should WNBA Say No to Isiah Thomas? [POLL]

Isiah Thomas has been named the new Team President and part time owner of the New York Liberty WNBA team. Thomas has been involved in off the court controversy involving women in a negative manner. Read why the WNBA may reject Thomas as an owner.

US, Cuba Relations: American, Cuban Government Officials Set for Fourth Round of Diplomatic Talks

U.S. and Cuban government officials will host another round of diplomatic talks from Washington, D.C. on Thursday. As the U.S. State Department recognized, the latest talks will be the fourth round of discussions to reestablish diplomatic relations.

Immigration Reform Update: DAPA Deferred Action Program Creates Over 20,000 Jobs, Report Says

The Deferred Action for Parental Accountability (DAPA) program, created by President Barack Obama's immigration executive action in November 2014, could provide more than 20,000 new jobs, per year for the next decade.